topic Re: 74 point increase by Ex in 5 weeks? in Credit Cardshttp://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630592#M450540
<P>I would have to say that's it, utilization. Going to have to resist the urge to go on an app spree and stay in the garden for a while :-)</P><P>&nbsp;</P>Mon, 08 Oct 2012 01:25:04 GMTobageegee2012-10-08T01:25:04Z74 point increase by Ex in 5 weeks?http://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630556#M450526
<P>I signed up for Experian's credit monitoring (whatever they call it this week) system about 18 months ago. I was cruising along with 4 cards and no real change to my CR. I recently opened 4 new accounts, Walmart, Amazon, Cabelas and Macy's. Within the past 5 weeks my score has gone up 74 points on Ex. Is that normal? I intend to garden for a while since this is probably going to screw up my AAoA but i'm getting closer to my low 700's goal.</P>Mon, 08 Oct 2012 00:37:44 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630556#M450526obageegee2012-10-08T00:37:44ZRe: 74 point increase by Ex in 5 weeks?http://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630558#M450527
<P>It's a FAKO, but still that's a heck of an increase.&nbsp; Was this your first revolving accounts?&nbsp;&nbsp; Anyway,&nbsp; wow!&nbsp; Congrats!</P>Mon, 08 Oct 2012 00:39:05 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630558#M450527Shogun2012-10-08T00:39:05ZRe: 74 point increase by Ex in 5 weeks?http://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630560#M450528
That score isnt a FICO since EX blocked consumer access to their scores, your score may have increased some, but I wouldn't depend on that score solely.Mon, 08 Oct 2012 00:40:21 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630560#M450528jsucool762012-10-08T00:40:21ZRe: 74 point increase by Ex in 5 weeks?http://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630564#M450530
<P>30 percent of your credit score is determined by revolving utilization. Having 4 new cards may have dropped your utilization significantly, giving you the boost.</P>Mon, 08 Oct 2012 00:41:09 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630564#M450530SwampSystems2012-10-08T00:41:09ZRe: 74 point increase by Ex in 5 weeks?http://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630592#M450540
<P>I would have to say that's it, utilization. Going to have to resist the urge to go on an app spree and stay in the garden for a while :-)</P><P>&nbsp;</P>Mon, 08 Oct 2012 01:25:04 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630592#M450540obageegee2012-10-08T01:25:04ZRe: 74 point increase by Ex in 5 weeks?http://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630988#M450682
Don't get too happy since it's a FAKO score, but expect some increase.Mon, 08 Oct 2012 10:09:09 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1630988#M450682Tran922012-10-08T10:09:09ZRe: 74 point increase by Ex in 5 weeks?http://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1631024#M450691
<P>Even though it is an EX FAKO score, it does indicate TRENDS, as most scoring does, whether real or fake.&nbsp; You're trending upward, and that's a good thing.&nbsp; Have you checked your scores here, the TU and EQ scores as well, to see if there is a corresponding increase with those scores?&nbsp;&nbsp; Even though we usually take a minor ding for new accounts (usually 5 pt ding per account), like others have said, the utilization is very important.&nbsp; Depending on your CL on the cards, that could be significant.&nbsp;</P>Mon, 08 Oct 2012 11:50:35 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1631024#M450691thom020992012-10-08T11:50:35ZRe: 74 point increase by Ex in 5 weeks?http://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1631052#M450700
<P>Walmart-$1000, Amazon-$1500, Cabelas-$1500 and Macy's-$300. Only touched the Amazon and the Cabelas for minimal amounts since I got them. Yes my utilization went way down.</P>Mon, 08 Oct 2012 12:43:42 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1631052#M450700obageegee2012-10-08T12:43:42ZRe: 74 point increase by Ex in 5 weeks?http://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1631114#M450724
<P>Nice increase but as others have said it's a FAKO. My EX FAKO is 87 points higher than my FICO</P>Mon, 08 Oct 2012 13:50:21 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/74-point-increase-by-Ex-in-5-weeks/m-p/1631114#M450724CS8002012-10-08T13:50:21Z